曼卡龙珠宝股份有限公司 章程 二〇二六年三月 公司以发起设立方式设立，在浙江省市场监督管理局注册登记，取得营业执 照，统一社会信用代码为 9133000069826762XG。 第三条 公司于 2020 年 9 月 23 日经深圳证券交易所审核同意并在中国证监 会履行注册程序，首次向社会公众发行人民币普通股 5,100 万股，于 2021 年 2 月 10 日在深圳证券交易所上市。 第四条 公司注册名称：曼卡龙珠宝股份有限公司。 英文名称： MCLON JEWELLERY COMPANY LIMITED 第五条 公司住所：杭州市萧山区萧山经济技术开发区启迪路 198 号 A－ B102－473 室，邮政编码：311200 | ਮ | | --- | | 第一章 | 总则 | 3 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 4 | | 第三章 | 股份 | 4 | | 第一节 | 股份发行 | 4 | | 第二节 | 股份增减和回购 | 6 | | 第三节 | 股份转让 | 7 | | 第四章 | 股东和股东会 | 8 | | 第一节 | 股东的一般规定 | 8 | | 第二 ...

国浩律师（杭州）事务所 关 于 曼卡龙珠宝股份有限公司 2026 年第一次临时股东会的 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 关 于 曼卡龙珠宝股份有限公司 2026年第一次临时股东会的 法律意见书 致：曼卡龙珠宝股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受曼卡龙珠宝股份有限公 司（以下简称"公司"）的委托，指派律师出席公司2026年第一次临时股东会（以 下简称"本次股东会"），并依据《中华人民共和国公司法》（以下简称《公司 法》）、《上市公司股东会规则》（以下简称《 ...

证券代码：300945 证券简称：曼卡龙 公告编号：2026-015 曼卡龙珠宝股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议召集人：公司董事会 2、会议主持人：董事长孙松鹤先生 3、会议召开方式：现场投票与网络投票相结合的方式 4、会议召开地点：杭州市滨江区聚业路 1 号兴耀科创城 C 幢 22 楼会议室 7、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《深圳 证券交易所创业板股票上市规则》《公司章程》以及《曼卡龙珠宝股份有限公司 股东会议事规则》等有关规定。 二、会议的出席情况 通过现场和网络投票的股东 213 人，代表股份 127,767,803 股，占上市公司 总股份的 48.7530%，其中： 1、出席本次股东会现场会议的股东及股东授权委托的代理人共 6 名，所持 有公司有表决权的股份数为 124,880,488 股，占公司股份总数的 47.6513% ...

| 司 | | --- | | 二、本次购买理财产品主要情况 | | 序 | 产品名称 | 产品类型 | 起息日 | 到期日 | 预计收益 | 投资金额 | 协议方 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | | 率 | （万元） | | | 1 | "添利宝"结构性存款产品 （TLBB202529918） | 保本浮动 收益型 | 2026年2 月2日 | 2026年2 月28日 | 0.45%-2.4 0% | 2,000 | 杭州银行股 份有限公司 | | 2 | "添利宝"结构性存款产品 （TLBB202528232） | 保本浮动 收益型 | 2026年2 月2日 | 2026年2 月28日 | 0.45%-2.4 0% | 3,000 | 杭州银行股 份有限公司 | 证券代码：300945 证券简称：曼卡龙 公告编号：2026-014 曼卡龙珠宝股份有限公司 关于使用部分闲置自有资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 曼卡龙珠宝股 ...

| 序 | 门店名称 | 所在地区 | | 开设时间 | | | 投资金额 | 主要商品类别 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | | | | （万元） | | | 1 | 合肥万象城店 | 安徽省 | 2026 | 年 2 | 月 | 3 日 | 479.49 | 素金饰品、镶 | | | | | | | | | | 嵌饰品 | | 2 | 北京新华百货专柜 | 北京市 | 2026 | 年 2 | 月 | 日 11 | 673.97 | 素金饰品、镶 | | | | | | | | | | 嵌饰品 | 关于上月直营门店新增情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 根据《深圳证券交易所上市公司自律监管指引第 3 号——行业信息披露》的 要求，曼卡龙珠宝股份有限公司（以下简称"公司"）现将上月直营门店新增情 况公告如下： 注：投资金额为计划投资额，主要包括首次铺货、装修及物业管理费用、固定资产购置费等。 以上数据为公司初步测算，最终以审计报告 ...

证券代码：300945 证券简称：曼卡龙 公告编号：2026-013 曼卡龙珠宝股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 曼卡龙珠宝股份有限公司（以下简称"公司"）2025 年 4 月 24 日召开了第 六届董事会第三次会议、第六届监事会第二次会议，并于 2025 年 5 月 23 日召开 了 2024 年年度股东大会，审议通过了《关于使用部分闲置募集资金和自有资金 进行现金管理并以通知存款、协定存款方式存放余额的议案》，为提高公司闲置 募集资金和自有资金使用效率，增加公司现金资产收益，实现股东利益最大化， 在保证日常经营运作资金需求、有效控制投资风险的情况下，公司使用不超过 65,000 万元（含本数）闲置募集资金购买安全性高、流动性好的银行、证券公司 或信托公司等金融机构发行的低风险现金管理类产品（包括但不限于定期存单、 结构性存款、协议存款和理财产品等），并将闲置募集资金的存款余额以通知存 款、协定存款方式存放，期限为不超过自公司股东大会审议通过之日起 12 个月， 具体内容详见披露于巨 ...

Investment Rating - The industry investment rating is "Overweight" [1] Core Insights - The report reviews the development history of the gold and jewelry industry, analyzing the impact of gold price fluctuations on industry scale and corporate gross margins, while exploring the correlation between gold prices and jewelry stock prices [2] - The industry is characterized by a phased development, with increasing differentiation since 2024, where core competitive barriers have shifted from licensing and channels to products and brands [2] - The pricing model in the industry is primarily based on "gold price + processing fee," with leading brands maintaining a stable markup ratio over the Shanghai gold price during certain periods [2][22] Summary by Sections Industry Development - The industry has evolved from a licensing and channel-driven model to one focused on product and brand superiority, with significant growth in investment and high-craft jewelry categories, while traditional weight-based demand is declining [2] - The overall market size for jewelry in China is approximately 822.3 billion yuan, with gold accounting for about 600.3 billion yuan [7] Gold Price and Industry Growth Correlation - The correlation between gold prices and industry growth is characterized by phases; short-term gold price surges negatively impact jewelry demand but positively affect investment demand, while long-term price increases drive both jewelry and investment demand positively [2][14] - From 2001 to 2012, the average annual growth rate of gold and jewelry retail sales reached 28%, driven by demand release from licensing deregulation and economic growth [9] Competitive Barriers and Consumer Trends - The competitive barriers in the industry have shifted from licensing and channel advantages to product and brand importance, with a notable increase in the market share of compliant leading brands due to stricter regulations [2] - Consumer preferences are evolving, with a growing demand for self-indulgent and differentiated products, particularly in first- and second-tier cities [2] Company Strategies and Performance - Major companies like Chow Tai Fook, Lao Feng Xiang, and others are adapting their strategies to focus on product design and brand building, with a significant emphasis on high-quality locations and brand signature products [2][17] - The performance of listed companies has shown significant differentiation since 2024, with traditional channel leaders facing pressure while emerging brands with product advantages are experiencing notable growth [17] Gold Price Hedging Strategies - Most companies employ gold leasing and forward contracts to hedge against gold price fluctuations, with Chow Tai Fook having the highest hedging ratio at nearly 50% [3][37] - Companies like Lao Pu Gold and Man Ka Long do not employ hedging measures, making them more directly affected by gold price volatility [3][38]

Core Viewpoint - The A-share gold and jewelry index experienced a significant decline, with major companies like Mankalon and Western Gold seeing drops of over 10% and 6% respectively, reversing the strong performance of previous trading days [1][2]. Market Performance - As of March 4, the gold and jewelry index was at 2928.49, down 3.03% [2]. - Mankalon (300945.SZ) was priced at 19.61, down 10.42%, while Western Gold (601069.SH) was at 38.35, down 6.35% [2]. - Other companies such as Sichuan Gold (001337.SZ) and Zhao Jin Gold (000506.SZ) also saw declines of over 4% [2][3]. Price Fluctuations - On March 3, gold prices saw a sharp drop, with COMEX gold futures falling over 5% and spot gold dropping more than 6%, breaking below the critical $5000 per ounce mark [3]. - By March 4, there was a recovery, with spot gold rising over 1% to $5159.19 per ounce [4]. Market Analysis - The recent volatility in gold and silver prices is attributed to profit-taking after a surge in response to geopolitical tensions, alongside expectations of potential changes in monetary policy due to rising oil prices [4][5]. - Analysts suggest that if oil prices continue to rise, it could push U.S. inflation above 3%, leading to a tightening of monetary policy by the Federal Reserve, which would negatively impact gold and silver prices [4][5]. Geopolitical Factors - The situation in the Middle East, particularly regarding Iran's control over the Strait of Hormuz, is causing concerns about oil supply disruptions, which could further influence inflation expectations and monetary policy [5][6]. - The uncertainty surrounding U.S. military involvement in Iran and its implications for global oil prices is a critical factor for the gold market [7][8]. Long-term Outlook - Despite short-term pressures, the long-term outlook for gold remains positive due to ongoing geopolitical uncertainties and the potential for continued central bank demand for gold [8]. - Analysts caution that while gold prices may experience high volatility in the short term, the fundamental drivers for gold's value, such as geopolitical risks and monetary policy shifts, remain intact [8].

Summary of Key Points from Conference Call Industry Overview - The strongest sector in the market is the oil and gas industry, with multiple companies showing significant performance [1] - Key players in the oil and gas sector include: - Water Development Oil and Gas (3 boards) - Intercontinental Oil and Gas (2 boards) - Zhun Oil Co. (2 boards) - Sinopec Oilfield Services (2 boards) - China National Petroleum Corporation (2 boards) [1][1][1] Sector Analysis - **Oil and Gas**: - Major companies include Tongyuan Petroleum, Intercontinental Oil and Gas, Water Development Gas, Zhongman Petroleum, Zhun Oil Co., Sinopec Oilfield Services, Beiken Energy, Blue Flame Holdings, and China National Petroleum [1] - **Shipping**: - Key players are COSCO Shipping Energy Transportation, China Merchants Jinling Shipyard, Ningbo Shipping, China Merchants Industry, and Nanjing Port [1] - **Photovoltaic Energy Storage**: - Notable companies include Airo Energy, Deyue Co., Shouhang New Energy, GCL-Poly Energy, Oujing Technology, Goodwe, and Guosheng Technology [1] - **Optical Communication**: - Companies mentioned include Huasheng Chang, Huilv Ecology, Tongding Interconnection, Jufei Optoelectronics, Robotech, Tengjing Technology, Huagong Technology, and Yuanjie Technology [2] - **Coal Chemical**: - Key players are Jinniu Chemical, Luohua Technology, Chitianhua, Baofeng Energy, China Coal Energy, and Lutianhua [2] - **Gold**: - Companies include Xiaocheng Technology, Western Gold, and Mankalon [2] - **Agriculture**: - Notable companies are Yasheng Group, Qiule Seed Industry, Kangnong Seed Industry, Shennong Seed Industry, and Quanyin High-Tech [2] - **Electric Power**: - Specific companies were not detailed in the provided content [2] Additional Insights - The market shows a diverse range of sectors with significant activity, particularly in oil and gas, which is currently the strongest sector [1] - The presence of multiple companies across various sectors indicates a robust market environment with potential investment opportunities [1][2]

浙商证券股份有限公司 关于曼卡龙珠宝股份有限公司部分募集资金投资项目 内部投资结构调整及延期、实施主体股权结构调整的核查意见 公司第五届董事会第十四次会议、第五届监事会第十三次会议审议通过了 《关于调整部分募集资金投资项目拟投入募集资金金额的议案》，对各募投项目 使用募集资金金额进行了调整，公司对各募投项目使用募集资金投资金额分配调 整后如下： | 序 | 项目名称 | 项目投资总 | 调整前拟投入募集 | 调整后拟投入募集 | | --- | --- | --- | --- | --- | | 号 | | 额（万元） | 资金金额（万元） | 资金金额（万元） | 1 | 序 | 项目名称 | 项目投资总 | 调整前拟投入募集 | 调整后拟投入募集 | | --- | --- | --- | --- | --- | | 号 | | 额（万元） | 资金金额（万元） | 资金金额（万元） | | 1 | "曼卡龙@Z概念店"终端建 设项目 | 53,851.95 | 28,841.95 | 27,400.00 | | 2 | 全渠道珠宝一体化综合平 台建设项目 | 34,790.12 | 33,970.12 ...